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it's called the deficit. 1,100,000,000,000 bucks. what do you think that is? >> you can't solely tax your way out of it. raises taxes doesn't do a darn thing to change the demographics of a country. or the fact that health care is growing at a faster gdp. you also can't solely cut your way out of it without hurting the truly disadvantaged or without making such significant cuts in education and infrastructure, energy and research that we're not competitive in a knowledge-based global economy. >> i want to ask you, because a lot of this is predicated -- >> can i say one thing on that? >> yeah. >> even if it was a matter of economics you could live life on one extreme or the other. as a matter of political reality you can't. the country is divided on this. whoever wins the election i hope they realize that you have to bring the entire country with you. you have to do this in a bipartisan way. or else we're going to be a very volatile system as we go from one extreme to the other extreme as the parties trade tenures in office. whoever does this is going to have t
it's called the deficit. 1,100,000,000,000 bucks. what do you think that is? >> you can't solely tax your way out of it. raises taxes doesn't do a darn thing to change the demographics of a country. or the fact that health care is growing at a faster gdp. you also can't solely cut your way out of it without hurting the truly disadvantaged or without making such significant cuts in education and infrastructure, energy and research that we're not competitive in a knowledge-based global...
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he said this is the way to look at the deficit. every dollar that we use -- spend for all of our wars is borrowed. that's a great way to get the idea across to the people how serious the deficit problem is. mr. simpson had a great comment. he said we used to think that no congress could be this stupid but i think we were wrong. i'm paraphrasing a little bit but they're putting some pressure on them now. >> i think they're being joined by a number of ceos around the country. the question is whether or not in this type of election year the pressure that is on congress and senators -- i don't know whether it is going to do any good. >> did lloyd blankfein look comfortable or not? i have not seen him look so relaxed. >> speaking of mr. blankfein, folks, i thought it was very interesting when he said i'm more worried about the next five months than i am about the next five years. on that he seems relatively optimistic. he was more optimistic maybe than we might have anticipated on europe. he thought china had had
he said this is the way to look at the deficit. every dollar that we use -- spend for all of our wars is borrowed. that's a great way to get the idea across to the people how serious the deficit problem is. mr. simpson had a great comment. he said we used to think that no congress could be this stupid but i think we were wrong. i'm paraphrasing a little bit but they're putting some pressure on them now. >> i think they're being joined by a number of ceos around the country. the question...
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he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when republicans have put obstacles up to getting the bills passed. >> why didn't the president fully embrace simpson-bowles when he had the opportunity? he patteded them on the back and said thank you. >> he took much of what was in simpson bowls and create ten-year $4 trillion reduction plan much of what you saw in simpson-bowles -- >> he missed the moment. there was a moment when something might have been accomplished. >> remember, he said, i'm going to take the idea of reducing the deficit by $4 trillion and show you what i would do and he presented that and he ga
he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when...
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>> obamacare ads trillions to our deficits and to our national debt. i will repeal obamacare. >> jon: all right. that's something. and while the statement "obamacare adds trillions to our deficit and to our national debt" is a lie! (laughter) it's a complete lie. (laughter) the point is it's going. we have an immoral debt. while covering people with pre-existing conditions and keeping people on their parent's health insurance is popular, cuts have to be made. >> there are a number of things that i like in health care reform. one is to make sure that those with pre-existing conditions can get coverage. two is to assure that the marketplace allows for individuals to have policies that cover their family up to whatever age they might like. >> jon: so you're repealing obamacare but you're keeping the good parts of health care, social security, and medicare for current seniors and you're going to keep the employment and you're going to cut taxes by 20% and build more submarines and destroyers that the pentagon doesn't want and tackle our immoral debt and de
>> obamacare ads trillions to our deficits and to our national debt. i will repeal obamacare. >> jon: all right. that's something. and while the statement "obamacare adds trillions to our deficit and to our national debt" is a lie! (laughter) it's a complete lie. (laughter) the point is it's going. we have an immoral debt. while covering people with pre-existing conditions and keeping people on their parent's health insurance is popular, cuts have to be made. >>...
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will miss its deficit targets this year we spotted nigel farage she is leader of the u.k. independence party he says david cameron's policies are not bringing any meaningful change though to the recession ravaged economy there. you know when david cameron talks about austerity what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but national debt in the u.k. will increase by forty percent so i think we're having an entirely false debate david cameron is calling the british public into thinking that he's actually really cutting back at the levels of debt in our country and it's not true i think that the david cameron and george osborne combination. put together a coalition telling us they were going to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic failure unless things turn around but i think the conservative party is in for a really
will miss its deficit targets this year we spotted nigel farage she is leader of the u.k. independence party he says david cameron's policies are not bringing any meaningful change though to the recession ravaged economy there. you know when david cameron talks about austerity what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but national debt in the u.k. will increase by forty percent so i think we're...
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the competitiveness deficit. and we need to recognize that there are many different kinds of deficits, of which the financial deficit is only one. spent i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> look at what president obama did on the budget, nothing except the borrow and spend. and as result of the president's abdication of leadership, as a result of saying the most predictable economic crisis in our countries history and not fixing it, our credit rating was downgraded for the first time in our history. >> we laid out a $4 trillion debt reduction plan over the next 10 years. 4 trillion. we have already passed 1 trillion of it. ladies and gentlemen, these guys vote against everything. not only do they say they don't like a plan, i get that. you don't like our plan. what's your plan? >> tonight congressman paul ryan and vice president joe biden will face off in the only debate
the competitiveness deficit. and we need to recognize that there are many different kinds of deficits, of which the financial deficit is only one. spent i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> look at what president obama did on the budget, nothing except the borrow and spend. and as result of the president's abdication of...
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this president prom -- demagogues against a $400 billion deficit now we have over a trillion. he was very negative on the debt put on over the previous 8 years, now we put on 6 trillion. i mean, you know we have not seen the policies that were promised. i think that issue is we want to make sure as a business community whoever is in the white house, that the promises are met, and we have an environment that is once against friendly to american job creation. neil: steve thank you very much. this is up the ante for tomorrow night, fox business will continue to cover the crucial debates, tomorrow. vice president one in milwaukee. joining us tomorrow is sarah palin, many, many more. and that fiscal cliff, more like a bunny slope. "new york times" and saying, ronald reagan a former budget chief said, that is wrong. you should be worried if the times says that is right, david stockton here, and only here. but first the irish calling for another round, not of beer, of oil, more drilling, how ireland is drilling us under the table. if you think we're close to following, you better dri
this president prom -- demagogues against a $400 billion deficit now we have over a trillion. he was very negative on the debt put on over the previous 8 years, now we put on 6 trillion. i mean, you know we have not seen the policies that were promised. i think that issue is we want to make sure as a business community whoever is in the white house, that the promises are met, and we have an environment that is once against friendly to american job creation. neil: steve thank you very much. this...
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and we' telling washington, you are running a trillion deficit for a fourth year in a row. you can borrow money almost for nothing, why not wait another year or two, who wants to take the fall? who wants to take the politic heat if you can borrow money from 70 basis pois for 5 years, that is what they are doing now. neil: building another bubble? >> a debt bubble. neil: bursthen a depression. >> i don't know, we've never been there before, we never had a tral bank tha -- central bankt printed this much money. neil: you don't think it can walk back the graveya much longer. >> i don't tnk so. neil: okay, if you have a lead suit, you buy it. david stock man, ronald reagan budget director. makes you think, you know we don't off don't this, we don't go long with a lot of guests, some we make an extension for, mr. stock man is among them, either agree or disagree, he makes you think. >> thank you. neil: we have a lot more after this, including with the spark miles card from capital one, thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] th
and we' telling washington, you are running a trillion deficit for a fourth year in a row. you can borrow money almost for nothing, why not wait another year or two, who wants to take the fall? who wants to take the politic heat if you can borrow money from 70 basis pois for 5 years, that is what they are doing now. neil: building another bubble? >> a debt bubble. neil: bursthen a depression. >> i don't know, we've never been there before, we never had a tral bank tha -- central...
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bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the last two years. some of your big trading partners like spain, ireland, italy are separating less by us. it makes it harder for us to pay off our debt. but here is the crucial thing you need to know. yes it is worse than we thought and yes it is taking longer but we are making progress thanks to the good result of george osborn we've cut off the deficit. 25%. that has helped to keep our interest rates at record low levels. keeping the market is low. more money in your pockets, giving businesses more confidence to invest, creating more jobs. and if you don't bel
bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the...
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if you let the bush tax cuts expire as a whole, 80% of our deficit problems are taken care of with that, and it's an actual number, it's not 40 billion a year. it's an actual number. >> then you're raising taxes on the middle class. >> right, you're broadening the base. you're not going to be able to do that without -- >> but obama and romney pledged they don't want to raise taxes on the middle class. >> is it a realistic idea two years from now, three years from now? >> that's an important question, because as much as so many people, and i'm one of them, admire simpson-bowles and admire particularly i think the heroic contributions, and they really are, that alan simpson and erskine bowles made to get us close to a the resolution, it is a sweeping tax reform, and historically, tax reform has taken in the modern era years to do. the '86 tax act, the last time we had major tax reform in this country took four years to do, first introduced in '82 and so the idea that in the lame duck session we'll have big tax reform for the first two months of 2013 -- >> bowles and simpson would say get
if you let the bush tax cuts expire as a whole, 80% of our deficit problems are taken care of with that, and it's an actual number, it's not 40 billion a year. it's an actual number. >> then you're raising taxes on the middle class. >> right, you're broadening the base. you're not going to be able to do that without -- >> but obama and romney pledged they don't want to raise taxes on the middle class. >> is it a realistic idea two years from now, three years from now?...
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we have reduced the federal deficit $70 billion. and senator bentsen voted against gramm-rudman, the very tool that has been used to bring the federal deficit down. we are going to need all the tools possible to bring the deficit down. we need the tools of the line-item veto. a line-item veto that 43 governors in this country have but not the president of the yunus -- united states. the president needs to have a veto when congress goes ahead and puts into appropriations bill unnecessary spending. let the president put a line through that and send it back to the congress and that the congress vote on it again. congress has got to help out in reducing this budget deficit as much as the executive branch. >> moderator: tom brokaw a last question for senator bentsen. >> you are running on the ticket with michael dukakis and a man who is opposed to the death penalty, a man who is in favor of gun control and at the same time you're running for the united states senate and the state of texas where your position on many of those same issues
we have reduced the federal deficit $70 billion. and senator bentsen voted against gramm-rudman, the very tool that has been used to bring the federal deficit down. we are going to need all the tools possible to bring the deficit down. we need the tools of the line-item veto. a line-item veto that 43 governors in this country have but not the president of the yunus -- united states. the president needs to have a veto when congress goes ahead and puts into appropriations bill unnecessary...
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you are going to blow a hole in the deficit that is huge. that will reach the swing voters more than anything i think. >> bill: it's 21 minutes after the hour. join the program and the conversation at 866-55-press. we'll be right back. >> announcer: this is the "bill press show." of this democracy and see your tweets up on our screen. >>now that's politically direct. endless shrimp is our most popular promotion at red lobster. there's so many choices, the guests love it! [ male announcer ] don't miss endless shrimp, just $14.99! try as much as you like, anyway you like. like new teriyaki grilled shrimp. offer ends soon! my name is angela trapp, and i sea food differently. the chill of peppermint. the rich dark chocolate. york peppermint pattie get the sensation.
you are going to blow a hole in the deficit that is huge. that will reach the swing voters more than anything i think. >> bill: it's 21 minutes after the hour. join the program and the conversation at 866-55-press. we'll be right back. >> announcer: this is the "bill press show." of this democracy and see your tweets up on our screen. >>now that's politically direct. endless shrimp is our most popular promotion at red lobster. there's so many choices, the guests love...
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you have a debt and deficit hawk. do you worry looking ahead about the debt under romney might explode again similarly? >> well, number one, the deficit is the symptom. spending is the disease. i me, since world war ii, revenues have averaged about 18.5% of the economy. spending is at 20%. now due to the president's policies we have revenue that's gone down due to less economic growth but it's spending that's skyrock skyrocketing. he has it up to almost 25% of the economy and on automatic pilot for 40%. that means middle income families will suffer. >> but why would -- >> it is a spin proven problem. the deficit is the symptom. spending is the disease. you have to take care of the spending side and once again, brooke, if you look at irs data, you will see that revenues actually increased when we brought down rates because we had more economic activity. >> but congressman, why would -- >> -- to your proposition. >> why would the trickle down theory work this time producing record debt two times before? >> because we ha
you have a debt and deficit hawk. do you worry looking ahead about the debt under romney might explode again similarly? >> well, number one, the deficit is the symptom. spending is the disease. i me, since world war ii, revenues have averaged about 18.5% of the economy. spending is at 20%. now due to the president's policies we have revenue that's gone down due to less economic growth but it's spending that's skyrock skyrocketing. he has it up to almost 25% of the economy and on automatic...
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deficit. >> listen, i agree with that. frankly, simpson-bowles is better than anything else we've got so we might as well take it. there's things to like in here. flattening tax rates and getting rid of deductions? i don't think people realize this but simpson-bowles gets rid of the mortgage interest deduction, it gets rid of major tax expenditures that "cost the u.s." revenue each year. dpou that the economy can operate more efficiently. my comment is it's just not very big given the amount of debate that it engenders. >> brian had a wonderful list of all the things people might do, might open up their wallets once they feel they've got cough dense in their leaders. we have a lot of uncertainty right now. we don't know who is going to be in the white house in november. we don't know what's going to happen with the fiscal cliff. once these things are said and done, how much of an economic boost would you expect? how much confidence would it instill? >> it is a good question. i take my hat off to blankfein especially on tha
deficit. >> listen, i agree with that. frankly, simpson-bowles is better than anything else we've got so we might as well take it. there's things to like in here. flattening tax rates and getting rid of deductions? i don't think people realize this but simpson-bowles gets rid of the mortgage interest deduction, it gets rid of major tax expenditures that "cost the u.s." revenue each year. dpou that the economy can operate more efficiently. my comment is it's just not very big...
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coming back from 2-0 deficits to tie things up and forcing a crucial game five for today. we'll be live in oakland and cincinnati coming up next. >> reporter: a possible break this morning in the case of mikayla garrett, the hayward girl who disappeared in 1988. hayward police now testing a bone fragment. i'm christie smith. i'll tell you where it came from coming up. >>> and you might want to pull out the umbrella and the jacket this morning. a chilly
coming back from 2-0 deficits to tie things up and forcing a crucial game five for today. we'll be live in oakland and cincinnati coming up next. >> reporter: a possible break this morning in the case of mikayla garrett, the hayward girl who disappeared in 1988. hayward police now testing a bone fragment. i'm christie smith. i'll tell you where it came from coming up. >>> and you might want to pull out the umbrella and the jacket this morning. a chilly
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for social security i have a bill that fixes social security for 75 years, wipes out a $6 trillion deficit, gradually raised the age to 70's over 20-year period starting with 56 and under and what we do is means test the benefit. the wealthy people get less. if you are wealthy you get a little bit less if you made a decent income. >>neil: here is where both sides risk putting people to sleep. you slain this in bake terms if they outwork each other, no, you are going to steel $700 billion from medicare, no, no, no, you are going to take $700 billion. >>guest: you going to. >>neil: here we go, back-and-forth. how do they avoid that and not leave people at home watching totally confused? >>guest: the main thing to get across, are you willing to do something to save medicare? to save social security? or are you going to say i'm not touching either of them and i will not do anything and i am opposed to all reform. >>neil: the way we are going now is not sustainable why not say that? >>guest: you can but you have to put forward a reform. president obama has not put forward a reform. i sat this f
for social security i have a bill that fixes social security for 75 years, wipes out a $6 trillion deficit, gradually raised the age to 70's over 20-year period starting with 56 and under and what we do is means test the benefit. the wealthy people get less. if you are wealthy you get a little bit less if you made a decent income. >>neil: here is where both sides risk putting people to sleep. you slain this in bake terms if they outwork each other, no, you are going to steel $700 billion...
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. massachusetts. here is why. it keeps lopping off 10%, 15%. we need to use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. giant planes and take big groups disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in the cuts need to be in places like the standing army. we do not need the same size standing army as we did when we were fighting two wars. what we need to do is we
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. massachusetts. here is why. it keeps lopping off 10%, 15%. we...
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to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic failure unless things turn around that i think the conservative party is in for a really terrible result in twenty fifty that the next general election september's attack on the u.s. consulate in benghazi libya which killed the ambassador was an organized terror act not part of a mass protest that was the bottom line of wednesday's congress hearing on the incident officers responsible for the safety of u.s. ground in libya testified security had severely deplete since the ousting of moammar gadhafi retired cia officer ray mcgovern says the congressmen are trying to score points instead of getting through to the. well it was carnival this is represented trying to make political points now they're trying to get hillary clinton for a lack of understanding about security is needed that's not where they should try to cut. they should get hillary clinton because the words she and others did in
to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic failure unless things turn around that i think the conservative party is in for a really terrible result in twenty fifty that the next general election september's attack on the u.s. consulate in benghazi libya which killed the ambassador was an organized terror act not part of a mass protest...
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you wouldn't add to the deficit. let's go through how you would do that. >> romney ryan campaign we're very excited about all the details of our new tax plan. it's thick with arithmetic, math, and the sorts of things we haven't had time to walk the american people through. so let's do that right now and just take a hard look at these numbers. [ screaming ] >> what i want to do is make it simpler, fairer. i want to encourage the economy to grow again. >> so you're repealing obama-care but keeping the good parts of healthcare, social security and medicare for seniors and you're going to build more submarines and destroyers than the pentagon wants, i want to ask you a question. are you a wizard. >> i'm not going to layout a piece of legislation here. >> we can't wait to walk you through all the details math point by math point. there are some tricky--sasquatch tricky--sasquatch. sasquatch, you come here! you come here, no, no, yeti. >> hi there, it's a trolley. it's on the way to the neighborhood of make believe. that's
you wouldn't add to the deficit. let's go through how you would do that. >> romney ryan campaign we're very excited about all the details of our new tax plan. it's thick with arithmetic, math, and the sorts of things we haven't had time to walk the american people through. so let's do that right now and just take a hard look at these numbers. [ screaming ] >> what i want to do is make it simpler, fairer. i want to encourage the economy to grow again. >> so you're repealing...
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in fact, my first couple years we had half billion dollar budget deficits we were trying to eliminate from our budget. the thought of not only bringing back 30 million that we lost a couple years ago, it's only a small amount compared to what we have had to cut the last couple years and i think everyone has seen the impact of not having enough money for muni, having to close down services vital to our city, not having money to build affordable housing for our police officers, our fire fighters, our nurses, our public health system, i think we all see the benefit of that. >> starchild, you made a comment earlier that you agreed with the supervisor with the exception of the registration fee for all the businesses. is that the only issue that you disagree with or are there other issues that you disagree with? >> that's the only issue. the issue is that we shouldn't be transferring more money from the people of san francisco to the government of san francisco. government has grown so much in recent years and now we're in the middle of an economic downturn when people are hurting. thousand
in fact, my first couple years we had half billion dollar budget deficits we were trying to eliminate from our budget. the thought of not only bringing back 30 million that we lost a couple years ago, it's only a small amount compared to what we have had to cut the last couple years and i think everyone has seen the impact of not having enough money for muni, having to close down services vital to our city, not having money to build affordable housing for our police officers, our fire fighters,...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> welcome back to "the kudlow report. "i'm larry kudlow. in this half hour would somebody tell me why barack obama took the past week taking the bait and running against big bird and "sesame street" while his polls it be to plunge? this segment will be brought to you by the letter "o" and the number zero. also on this half house, the one-night showdown between joe biden and paul ryan, we go exclusively inside how ryan prepped for the big night, and what are the main goals for romney and ryan's camp? what are they, and what do they want to say? let's go to robert costa from the national review online danville, cnbc contributor. the debate sunday way. bob costa as you talked to the romney/ryan people today, what phrases jump out? what do you think he wants to get across in at least a minimal way? >> they want to defend mitt romney's positions. they want to go after the obama economic record and reach out to
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> welcome back to "the kudlow report. "i'm larry kudlow. in this half hour would somebody tell me why barack obama took the past week taking the bait and running against big bird and "sesame street" while his polls it be to plunge? this segment will be brought to you by the letter...
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the second cost has a $1.7 trillion deficit. the most cynical give a guy in this bill is something we probably all agree on -- we do not think we should cut doctors' 21% next year. we stopped those cuts from occurring every year the last seven years. according to your numbers, this costs $371 billion. it was in the first iteration of all these bills, but because it was a big price tag and made the score look bad, that provision was taken out, and it has been going on in stand-alone legislation. but ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. when you take a look at all of this, it just does not add up. i will finish with the cost curve. are we bending the cost curve down or up? if you look in your own chief actuary at medicare, we are bending it up. he is claiming we are going up $221 billion, adding more to the fiscally unstable situation we have. when you look at this, it is really deeper than deficits or the budget gimmicks or the actuarial analysis. there r
the second cost has a $1.7 trillion deficit. the most cynical give a guy in this bill is something we probably all agree on -- we do not think we should cut doctors' 21% next year. we stopped those cuts from occurring every year the last seven years. according to your numbers, this costs $371 billion. it was in the first iteration of all these bills, but because it was a big price tag and made the score look bad, that provision was taken out, and it has been going on in stand-alone legislation....
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Oct 11, 2012
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and can congress be moved toward deficit solutions. finally, what's their prescription for taking on entitlemen entitlements. what's the role of wall street and business is trying to avoid the fiscal cliff we're headed toward and creating deficit or budget sanity out there. >> steve, it's appropriate we're in baseball playoff season. because if the first commission was a swing and a miss, is there going to be some attempt at adjustment if, in fact, there is another try at this? >> you know, that's a good met t for, carl. they're still at bat. it's fascinating to think about the idea that simpson-bowles as a brand seems to have gotten more popular. people seem to know simpson-bowles at least in the general or broader public. certainly in the media. when you dig down and see what's been happening inside the beltway, it looks like simpson-bowles has become less popular. i think they're still up at bat. i think they have several more swings.
and can congress be moved toward deficit solutions. finally, what's their prescription for taking on entitlemen entitlements. what's the role of wall street and business is trying to avoid the fiscal cliff we're headed toward and creating deficit or budget sanity out there. >> steve, it's appropriate we're in baseball playoff season. because if the first commission was a swing and a miss, is there going to be some attempt at adjustment if, in fact, there is another try at this? >>...
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Oct 11, 2012
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MSNBC
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now, what's interesting about the budget deficit is where it actually comes from. i think a lot of people presume that the stimulus is responsible for most of that. and in fact, it's not true. if you look at our deficit and our debt, the debt number between 2001 and 2010 has gone way, way up. 17% of that is the bush tax cuts. about 12%, 13% of that are the wars in iraq and afghanistan. the stimulus is responsible for 7%. >> okay. so over the past four years, though, we've had trillion-dollar deficits. >> yep. >> all four years. what's the cause of that? >> well, the cause of that is clearly stimulus spending but also a lack of revenue. the revenue numbers that we had projected were much, much greater. you know, unemployment is responsible for that. lower taxes are responsible for that. and the obama administration has lowered taxes consistently. it's brought in less revenue. >> let's look at the question about the dow jones average. it's fascinating. this president has been seen as being hostile to wall street. wall street believes that wall street has been treated
now, what's interesting about the budget deficit is where it actually comes from. i think a lot of people presume that the stimulus is responsible for most of that. and in fact, it's not true. if you look at our deficit and our debt, the debt number between 2001 and 2010 has gone way, way up. 17% of that is the bush tax cuts. about 12%, 13% of that are the wars in iraq and afghanistan. the stimulus is responsible for 7%. >> okay. so over the past four years, though, we've had...
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fuente principal es el conso de pescado, incrementa el riesgo de que el nino desarrolle trastorno por deficit de atencion con hiperactividad mas tarde en la vida... el estudio tambien descubrio que cuando se consumen ciertos tipos especificos de pescado, como salmon, durante el embarazo se reduce ese riesgo... pasamamos ahora con oscar burgos, y un adelanto de la informacion deportiva.... buenas noches para todos, y que jornada la hemos vivido hoy en el beisbol de grandes ligas. pero vamos al natioanal park, en una fecha historica. por que los nacionales recibieron una paliza de primera, chris carpenter, el veterano de 37 aÑos lanzÓ una blanqueda hasta la sexta entrada, el novato pete kozma sacudiÓ un jonron de tres jonrones y los campeones vigentes de la serie mundial superaron ampliamente 8-0 a los nacionales de washington para sacar una ventaja 2-1 en la serie divisional de la liga nacional. los cardenales estroperon la fiesta en el nationals park, repleto con una cifra rÉcord de 45.017 aficionados para presenciar el primer juego de postemporada en la capital estadounidense en 79 aÑos
fuente principal es el conso de pescado, incrementa el riesgo de que el nino desarrolle trastorno por deficit de atencion con hiperactividad mas tarde en la vida... el estudio tambien descubrio que cuando se consumen ciertos tipos especificos de pescado, como salmon, durante el embarazo se reduce ese riesgo... pasamamos ahora con oscar burgos, y un adelanto de la informacion deportiva.... buenas noches para todos, y que jornada la hemos vivido hoy en el beisbol de grandes ligas. pero vamos al...
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Oct 11, 2012
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he is targeting the deficit. he wants the conversation to get to how much the government is spending and how poorly the economy is doing. the mix should be interesting. i think each candidate will want to push that makes in protect -- in their particular direction host: independent caller, from rockville, maryland. caller: i am probably more of a moderate democrat then i would be considered otherwise. by business owner -- i am a business owner and i am 37-years old. i'm coming to the age where parents seem to be -- where my parents seem to be retiring with medical issues and pensions that seem to be disappearing. we are soon learning the responsibility of our aging parents is falling back on us. in regards to medicare, it will have a grave impact on us. and the economy as a whole. i wonder if this is too sophisticated an issue for the general public to get into. we are seeing how a change to a voucher system could materially impact the ability of the age group between 30-50 and generations below us to sustain an
he is targeting the deficit. he wants the conversation to get to how much the government is spending and how poorly the economy is doing. the mix should be interesting. i think each candidate will want to push that makes in protect -- in their particular direction host: independent caller, from rockville, maryland. caller: i am probably more of a moderate democrat then i would be considered otherwise. by business owner -- i am a business owner and i am 37-years old. i'm coming to the age where...
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Oct 11, 2012
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we touched on the economy but closely related to that is the federal deficit or the federal deficit a major problem on the minds of many viewers. went here want to know what three specific budget cuts he would propose and support? latham: i think in my appropriations bill, it's a good indication of the transportation hud and we have the largest percentage cut meaning the appropriation bill this year, little over $4 billion bus going through individual programs. kevin, i think are importantly long term what we need to do and i have a bill called the less government acts. what this would do would be to apply proven private-sector management tools to the federal government for efficiency. you can reduce about 25% of the cost of administering all of these programs to have the administration much more efficient and have the services come out there and this would go much more to cutting the deficit and the national debt than cutting individual programs. there is no incentive for efficiency in the federal government. >> moderator: congressman boswell? boswell: i i am a long-time soldier and
we touched on the economy but closely related to that is the federal deficit or the federal deficit a major problem on the minds of many viewers. went here want to know what three specific budget cuts he would propose and support? latham: i think in my appropriations bill, it's a good indication of the transportation hud and we have the largest percentage cut meaning the appropriation bill this year, little over $4 billion bus going through individual programs. kevin, i think are importantly...
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Oct 11, 2012
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the issues facing the campaign of the war-peace issues, the problems of deficits, trade deficits, we are facing a $120 billion trade deficit in this country. we are facing problems with the environment. and in what we will be doing over the next several weeks, and i'm absolutely delighted the league is sponsoring these debates and we are able to speak to the american public and address the issues in a way such as this and i think you're going to see a change. >> vice-president bush, you have one minute for a bottle. >> i was glad to get that vote of confidence from mrs. ferraro on my economic judgment. let me make a statement on the economy. the other day, she was in eggplant and she said to the workers why are you all voting for the reagan-bush ticket? and there was a long, deathly silence. and she says we delivered. that's the problem. not blaming her, except for the liberal voting record in the house, they delivered. they delivered 21.5% interest rates. they delivered what they called malaise. they delivered interest rates that are off the charts. they delivered to come pace, chec
the issues facing the campaign of the war-peace issues, the problems of deficits, trade deficits, we are facing a $120 billion trade deficit in this country. we are facing problems with the environment. and in what we will be doing over the next several weeks, and i'm absolutely delighted the league is sponsoring these debates and we are able to speak to the american public and address the issues in a way such as this and i think you're going to see a change. >> vice-president bush, you...
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Oct 11, 2012
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. >> we cannot afford another series of budget deficits of roughly $1 trillion per year. this is not just bad for the economy. it's bad for jobs. >> brandi hitt, abc news, ky. >> during tonight's debate, log on to wjla.com/react from your compatible smartphone tablets or browser and give us your reaction. we will show the results on abc 7 news at 11:00. we are looking at 48 degrees >> . still to come, an update on a man brutally beaten near the eastern market area in the district. captioned by the national captioning institute --www.ncicap.org-- >> thursday morning, welcome back. adam caskey and with a look at your forecast. it may be a lot cooler today than yesterday by about 10 degrees. tomorrow will be verisimilar but breezy. you'll notice the wind on friday. 45 now in frederick, 47 in martinsburg, 32 in oakland maryland. 53 at reagan national. 62 degrees today for the high temperature with a good amount of sunshine. blue skies. the average high is 70. we will be close to 60. mid 60's tomorrow with scattered clouds and a northwest breeze at 10-15. we will talk about th
. >> we cannot afford another series of budget deficits of roughly $1 trillion per year. this is not just bad for the economy. it's bad for jobs. >> brandi hitt, abc news, ky. >> during tonight's debate, log on to wjla.com/react from your compatible smartphone tablets or browser and give us your reaction. we will show the results on abc 7 news at 11:00. we are looking at 48 degrees >> . still to come, an update on a man brutally beaten near the eastern market area in the...
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Oct 11, 2012
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and so, yes, we should tackle the deficit. and actually the deficit can be seen very much so as a children's issue because they will be paying back, but the fact is people believe we need to be making an investment o that that generation is strong and can fulfill their god-given potential. very strong, and it's bipartisan. democrats, republicans unanimously believe. i will also point out we even asked people who were tea party supporters. on five of the seven measures, the vast majority of tea party supporters opposed cutting children's programs. so two areas where we need to do a little bit of work with them is on head start and on student loans. but on child health medicaid, other issues, they opposed making cuts to children's programs. you have a question? >> morning. i'm bill o'hare, used to work on the kids count project. so i have a special place in my heart for any report that has data in it and i appreciate your efforts and actually have a two-part question if i could. any plan about replicating this in the future in t
and so, yes, we should tackle the deficit. and actually the deficit can be seen very much so as a children's issue because they will be paying back, but the fact is people believe we need to be making an investment o that that generation is strong and can fulfill their god-given potential. very strong, and it's bipartisan. democrats, republicans unanimously believe. i will also point out we even asked people who were tea party supporters. on five of the seven measures, the vast majority of tea...
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Oct 11, 2012
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we have touched on the economy but closer is the federal deficit and said that. on the mind of many voters. what three specific cuts would you oppose and support? latham: with my a bill with transportation and head the largest percentage cut of any appropriation bills bills, over $4 billion. more importantly long-term i have a bill called the last government act to apply proven private sector management tools to the federal government for efficiency. we could reduce 25% of the administering the programs be much more efficient, this would be better to cut the deficit and then national debt than the individual programs. there is no incentive for efficiency with the federal government. boswell: for a specific i am a longtime soldier. i believe in a strong defense but we pay more for defense then all the countries of the world. we have to address that. the secretary of defense recommended that. secretary gates. i am on the eisenhower commission. he gave us instructions and about the military industrial complex. it needs to be a broad band. reroute of flak. strong def
we have touched on the economy but closer is the federal deficit and said that. on the mind of many voters. what three specific cuts would you oppose and support? latham: with my a bill with transportation and head the largest percentage cut of any appropriation bills bills, over $4 billion. more importantly long-term i have a bill called the last government act to apply proven private sector management tools to the federal government for efficiency. we could reduce 25% of the administering the...
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Oct 11, 2012
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WBAL
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. >> and despite budget deficits, those costs are going up. >> many large jurisdictions offer no such benefit to top officials, but despite a declining population and ever- growing budget pressure, the city not only keeps executive protection in place. it allows it to grow. >> good morning. >> baltimore mayor stephanie rawlings-blake has quite the on to rosh. she arrives in a city suv. -- has quite the entourage. she is protected by city police officers whose sole duty is to provide executive protection. it all comes at a cost. for the last year, over time alone was $103,750. substantially higher than the cost for fiscal year 2011. one big reason? the unit got bigger. it grew from three officers to seven officers. the mayor's security troubles with her out of time. that added another $7,700 the last fiscal year. take that plus the overtime costs and the minimum salaries -- the overall cost is enough to cover the starting salaries of 10 police officers. executive protection is also provided to the police commissioner, even though the commissioner carries a drug. two officers made $36,0
. >> and despite budget deficits, those costs are going up. >> many large jurisdictions offer no such benefit to top officials, but despite a declining population and ever- growing budget pressure, the city not only keeps executive protection in place. it allows it to grow. >> good morning. >> baltimore mayor stephanie rawlings-blake has quite the on to rosh. she arrives in a city suv. -- has quite the entourage. she is protected by city police officers whose sole duty...
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Oct 11, 2012
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>> it's the second time in a's history they elace a 2-run-- erase a 2-run kev sit in the 9th to -- deficit to win a post season game. 1929! can you believe that? w÷ deciding game in this series, 6:37 tomorrow at oakland. pam's excited. >> i am! for the a's and the giants! >> it's nice to have somebody in our community that cares about people. >> no, i am excited! [ laughter ] >>> hereby comes hunter pence -- here comes hunter pence! we don't need pam. we have had enough of her. [ laughter ] >> the a's victorious. the giants with their pregame pep talk, and angel pagan, it's 1-0 giants. gregor blanco homered, 3-1. barry zit oh, not very good -- zito, not very good. giving up the home run to ryan ludwig. his exit allowed lincecum to come into the game, and boy was that worth it! upon 2 runs, 1 run, 6 strikeouts, and pablo sandoval puts the game ice in the 7th. giants one 8-3! game will start 8: 05 tomorrow morning. st. louis leads washington 2-1 in their series. and the yankees lead baltimore 2-1 in their series. [ female announcer ] this is the story of sam, who made an unexpected arrival.
>> it's the second time in a's history they elace a 2-run-- erase a 2-run kev sit in the 9th to -- deficit to win a post season game. 1929! can you believe that? w÷ deciding game in this series, 6:37 tomorrow at oakland. pam's excited. >> i am! for the a's and the giants! >> it's nice to have somebody in our community that cares about people. >> no, i am excited! [ laughter ] >>> hereby comes hunter pence -- here comes hunter pence! we don't need pam. we have...